Is 46226, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46226 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 46226 has remained a Seller's Market.

Key Takeaway

46226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46226, IN

How much do homes in 46226, IN cost?

Median Sold Price

$170,866

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,866(+3.6%)

Key Takeaway

Homes in 46226 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 46226 was $170,866 in November 2024, up 3.6% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $64.9K-
N/A
2 $150K$159K
+6.0%
3 $155K$159K
+2.6%
4 $210K$199.5K
-5.0%
5+ $458K$287.5K
-37.2%

Summary: 46226 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 37.2%.

Median Sold Price Compared To Nearby Zip Codes

46218
+18.2%
46216
+15.2%
46220
+4.5%
46219
+4.5%
46226
+3.6%

Housing Supply in 46226, IN

How many homes are available in 46226, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
141133-5.7%

Summary: The 46226 real estate market had 133 homes for sale in November 2024, a 5.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1411
-21.4%
3 8891
+3.4%
4 2822
-21.4%
5+ 109
-10.0%

Summary: The 46226 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4535-22.2%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46226, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 46226 in November 2024, down by 22.2% month-over-month. Of the 35 sold homes, 57% were sold under asking, 20% were sold at asking, and 23% were sold over asking.

Days on Market for 46226, IN

How long does it take to sell a home in 46226, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days27 Days-2.6%

Summary: Homes in 46226 had an average of 27 days on market in Nov 2024, down by 2.6% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46226 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 35 homes were sold in 46226; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 46226, IN

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